BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The term “globalization” means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people. Globalization has containing both opportunities and threats for national development. Was this answer helpful?

Detailed explanation-2: -Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Detailed explanation-3: -Economic integration involves agreements between countries that usually include the elimination of trade barriers and aligning monetary and fiscal policies, leading to a more inter-connected global economy.

Detailed explanation-4: -Theodore Levitt is often credited with popularizing the term and bringing it into the mainstream business audience in the later in the middle of 1980s. Since its inception, the concept of globalization has inspired competing definitions and interpretations.

Detailed explanation-5: -Global economic integration. Measuring the impact of globalization on individual economies. People, companies, and economies are more integrated and interconnected than ever before. This helps facilitate connections, which leads to specialization, innovation, and economic progress.